* Silicon Valley heading southward ...

* Silicon Valley heading southward After averaging 4 million square feet of absorption for a record five years, office space leasing and construction in Silicon Valley has cold-bloodeded off, says CPS Commercial ownership Services, Santa Clara, Calif. Office occupancy dropp through almost 4 million square feet at April, and only 1.5 million square feet were leased or sold in the first quarter, against substantially from 12.3 million in 2000

* Intel, others halt construction. In Austin, Texas, a half-built semiconductor-design facility for Intel Corp. sits idle. Elsewhere, high-tech behemoths